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The Bunker Talk: Ep 12 Be Intentional with your HR in your Business Stephanie Fortune
In this latest episode of the The Bunker Talk, we sat down with an incredible business owner, Stephanie Fortune founder of Fortune Business Consulting, to discuss the real, behind-the-scenes struggles of running a business and the invaluable lessons they’ve learned along the way. Episode Highlights: In this conversation, […]
Read More about The Bunker Talk: Ep 12 Be Intentional with your HR in your Business Stephanie FortuneMitigating Cybersecurity Risks: A Must for Legal Professionals
In the digital age, the legal landscape is not immune to the pervasive and evolving threat of cybersecurity risks. Attorneys entrusted with sensitive client information and legal documents must prioritize robust measures to safeguard against cyber threats. In this blog, we’ll delve into the importance of mitigating cybersecurity […]
Read More about Mitigating Cybersecurity Risks: A Must for Legal ProfessionalsCommon Myths and Mistakes Restaurants Make With Insurance
Running a successful restaurant involves juggling numerous responsibilities, and ensuring the right insurance coverage is in place is a critical aspect often clouded by myths and misconceptions. In this blog, we’ll unravel the truth behind common myths and mistakes in restaurant insurance to help you make informed decisions […]
Read More about Common Myths and Mistakes Restaurants Make With InsuranceThe Bunker Talk: Ep 11 Take your Networking to the Golf Course with Michelle Hernandez
In this latest episode of the The Bunker Talk, we sat down with an incredible business owner, Michelle Hernandez is a commercial real estate agent with Related ISG and the President of the Miami Chapter of LEGS, to discuss the real, behind-the-scenes struggles of running a business and […]
Read More about The Bunker Talk: Ep 11 Take your Networking to the Golf Course with Michelle HernandezWorkers’ Compensation Audits: Quick Guide to Prepare
In the realm of risk management, one crucial checkpoint that businesses encounter is the workers’ compensation audit. As an insurance agent and risk manager, mastering the intricacies of this audit process can be a strategic advantage in optimizing your Experience Modification Rate (EMR). The Purpose of Workers’ Compensation […]
Read More about Workers’ Compensation Audits: Quick Guide to PrepareLegal Defense Costs: Understanding D&O Coverage for Legal Battles
In the intricate dance of corporate governance, legal battles are an unfortunate reality that directors and officers may face. Navigating through these legal challenges requires not only strategic decision-making but also a robust shield against the financial ramifications. Directors and Officers (D&O) insurance steps into this breach, providing […]
Read More about Legal Defense Costs: Understanding D&O Coverage for Legal BattlesThe Bunker Talk: Ep 10 The Power of Creating Community with Ms. Esquire Attorneys Rahysa Vargas and Trish Widowfield
In this latest episode of the The Bunker Talk, we sat down with an incredible business owners, Miami lawyer Rahysa Vargas, founder of Ms. Esquire and Fort Lauderdale Attorney Trish Widowfield, Vice President of Ms.Esquire, to discuss the real, behind-the-scenes struggles of running a business and the invaluable […]
Read More about The Bunker Talk: Ep 10 The Power of Creating Community with Ms. Esquire Attorneys Rahysa Vargas and Trish WidowfieldCommon Pitfalls to Avoid in General Liability Audits: A Roadmap to Success
Embarking on a General Liability audit can be a challenging journey for businesses, and navigating the potential pitfalls is crucial for a successful outcome. In this quick to read article, we will explore common pitfalls that businesses often encounter during General Liability audits and provide insights on how […]
Read More about Common Pitfalls to Avoid in General Liability Audits: A Roadmap to SuccessUnderstanding the Basics of EPLI Insurance
One often overlooked but critical aspect of your business insurance plan is Employment Practices Liability Insurance (EPLI). In this comprehensive guide, we will delve into the fundamentals of EPLI, shedding light on why it’s indispensable for businesses of all sizes. The Foundation of EPLI What is EPLI, and […]
Read More about Understanding the Basics of EPLI InsuranceThe Bunker Talk: Ep 9 Why Every Business Needs Asset Protection with Michael D. Wild
In this latest episode of the The Bunker Talk, we sat down with an incredible business owner, Michael D. Wild ESQ, Managing Partner with Wild Felice & Partners, PA, to discuss the real, behind-the-scenes struggles of running a business and the invaluable lessons they’ve learned along the way. […]
Read More about The Bunker Talk: Ep 9 Why Every Business Needs Asset Protection with Michael D. WildFrequently Asked Questions
What is E&O/Malpractice/Professional Liability?
A bond in layman's terms is a way to secure a debt.
It is a way of you the consumer, being able to put up a little cost upfront that says “I am letting you borrow this money so as to your agreement to pay the face value of the said bond if ever needed”. In the real world, bonds can be issued by a government, municipality, corporation, federal agency, and other entities.
What does E&O cover?
A surety bond is a contract between three parties. The person who is the recipient of an obligation, the primary party who will perform the contractual obligation and the person who assures the obligation will be done.
What is Defense Outside of Limits coverage?
These bonds are a type of surety bond. They provide a proof and guarantee of ownership to the Department of Motor Vehicles. When no other form of documentation is available a Lost Title Bond shows the DMV that you are the “owner” of said vehicle.
What is First Dollar Defense?
Contractor bonds are one of the most “popular” bonds you will see asked for in the insurance space. Contract bonds are used in the construction industry by general contractors. They are a guarantee to a project’s owner that the general contractor will adhere to the contract put in place.
What is the Fee Suit Exclusion?
These types of bonds function as a guarantee to a government entity that a company will comply with a statute, state law, ordinance, etc.
Some examples are but not limited to:
- Contractors License Bonds
- Tax Bond
- Environmental Bonds
- Broker’s Bonds
- Motor Vehicle Dealer Bonds
- ERISA Bonds
What is Mutual Choice of Counsel?
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What is Disciplinary Proceeding Defense?
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